4 ms·

Dublin? Sure. Amsterdam - if you believe you can grow decent startup scene in location with 52% income taxes and 1.2% wealth tax and 21% VAT, I have a bridge to

Dublin? Sure. Amsterdam - if you believe you can grow decent startup scene in location with 52% income taxes and 1.2% wealth tax and 21% VAT, I have a bridge to sell you. Silicon Valley happened before the tax madness, and there is now net wealth outflow to lower-tax locations.

jacquesm 10y ago
52% income tax is only on income > 67K euros, below that it is tiered with the next level down being 40%. The wealth tax is subject to an exemption of the first 25K. Also important: there is no capital gains tax and healthcare costs are ~100 euros / month no matter what you earn.
- kintamanimatt 10y ago
  It is still pretty high though. Maybe not the highest, but high enough that a lot of people will take into account when deciding for or against Amsterdam.
  - jacquesm 10y ago
    It's high when considered in isolation, but that's silly. When comparing places you should consider all costs, not just the local taxes.
- tormeh 10y ago
  No capital gains tax? Wow. So rich people in The Netherlands pay no taxes? Or is there a wealth tax?
  - cortesoft 10y ago
    1.2% according to the grandparent comment.
  - cr1895 10y ago
    https://www.belastingdienst.nl/wps/wcm/connect/bldcontenten/belastingdienst/individuals/tax_arrangements/living_abroad/non_resident_taxpayer_status/income_in_multiple_boxes2/assets_in_box_3 https://www.belastingdienst.nl/wps/wcm/connect/bldcontenten/...
ddebernardy 10y ago
An one who lives in Hungary at the moment, I'd trade this country for Amsterdam any day from a tax standpoint - but admittedly wouldn't go there either way because their extreme right wingers are on par with Jobbik. It's a matter of reference points I suppose. Surely the land of Donald Trump is somehow better? Or not... /troll
- timthelion 10y ago
  I'm confused, are you claiming that Amsterdam has more right wingers than Hungary? Perhaps this is a case of media distortion. My Czech and English language media tells me that Hungary is currently the 4th Reich.

jacquesm 10y ago

52% income tax is only on income > 67K euros, below that it is tiered with the next level down being 40%. The wealth tax is subject to an exemption of the first 25K. Also important: there is no capital gains tax and healthcare costs are ~100 euros / month no matter what you earn.

kintamanimatt 10y ago
It is still pretty high though. Maybe not the highest, but high enough that a lot of people will take into account when deciding for or against Amsterdam.
- jacquesm 10y ago
  It's high when considered in isolation, but that's silly. When comparing places you should consider all costs, not just the local taxes.
tormeh 10y ago
No capital gains tax? Wow. So rich people in The Netherlands pay no taxes? Or is there a wealth tax?
- cortesoft 10y ago
  1.2% according to the grandparent comment.
- cr1895 10y ago
  https://www.belastingdienst.nl/wps/wcm/connect/bldcontenten/belastingdienst/individuals/tax_arrangements/living_abroad/non_resident_taxpayer_status/income_in_multiple_boxes2/assets_in_box_3 https://www.belastingdienst.nl/wps/wcm/connect/bldcontenten/...

ddebernardy 10y ago

An one who lives in Hungary at the moment, I'd trade this country for Amsterdam any day from a tax standpoint - but admittedly wouldn't go there either way because their extreme right wingers are on par with Jobbik. It's a matter of reference points I suppose. Surely the land of Donald Trump is somehow better? Or not... /troll

timthelion 10y ago
I'm confused, are you claiming that Amsterdam has more right wingers than Hungary? Perhaps this is a case of media distortion. My Czech and English language media tells me that Hungary is currently the 4th Reich.